Petroleum consumption grew by 7.2% in 2017-18: High consumption likely in the years ahead

Apr 18:
Petroleum consumption grew by 7.2% in 2017-188In Q-4, 2017-18, it grew by 8.4% from a negative 3.6% growth post demonetization8Given India's burgeoning appetite, consumption can sail along at high rates in the coming years8There is going to be no moderation here8Unless price caps are reimposed, OMCs' volume growth will be lower at around 3-4% as the rest of the growth is likely to be eaten up by private companiesClick on Reports for more